In 2023 the average percentage of female directors on Ibex-35 boards reached 39.2%, reflecting an increase compared to the 2022 proxy season (36,1%), and closely approaching the recommended 40% threshold, as provided by law in Spain.
Additionally, ESG metrics are increasingly linked to executive pay, with almost nine out of ten Ibex issuers incorporating ESG targets in annual bonuses, as reported in this article by Cronica de Cantabria, echoing the latest Morrow Sodali’s review of the 2023 Proxy Season in Spain, that portrays the national key trends in corporate governance and shareholder engagement.
Read the full article here (in Spanish).
Related News
How Boards Can Make the Most of Activist-Appointed Directors
09 September 2026
New Diligent Market Intelligence report finds fewer proxy fights, more negotiated boardroom gains and longer settlement timelines in the first half of 2026
30 July 2026
Proxy Advisory Firms Are Here to Stay, but Their Role Is Changing
28 July 2026
Measurabl Expands Partner Network with Six Leading Service Providers as New Members
16 July 2026
Media enquiries
To contact our global experts for comments please get in touch below.
Contact us chevron_right